MYG has around 600,000,000 shares on issue after converting all options,plus additional 100,000,000 for next capital raising of $8 million for next year drilling program.
Assuming producing 70,000 ounces gold with around $50 million profit, that
means $250 million market cap. @ PE of 5.(IGR is trading PE @5).
Plus $40 million loan from bank to upgrade its mill.
Expecting good results from drilling next year also.
With available facts, I have a fair valuation of 28 cents a share in next 18 months IMO.
Gold price is another unknow fact could affect that.
Your feed back is much appreciated.
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84.5¢ |
Change
0.035(4.32%) |
Mkt cap ! $77.29M |
Open | High | Low | Value | Volume |
83.5¢ | 85.0¢ | 83.5¢ | $72.14K | 85.26K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
87.0¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17073 | 0.835 |
1 | 133 | 0.820 |
1 | 625 | 0.810 |
3 | 21232 | 0.800 |
4 | 8127 | 0.795 |
Price($) | Vol. | No. |
---|---|---|
0.870 | 30000 | 1 |
0.890 | 27120 | 1 |
0.980 | 2520 | 1 |
0.995 | 5333 | 1 |
1.000 | 146782 | 3 |
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